sulzberger family net worth sulzberger family net worth The New York Timestargeted 10 million subscribers by 2025, a target its hit with three years to spare. As Ochs aged, the patriarch began to face up to the issue of succession. Divorced: 1956. What it does produce, in the case of Nevertheless, she was reluctant to join the paper after it offered her the top position in advertising. They are a tough crowd when it comes to a story with a happy ending. See "Compensation of Executive Officers" for a description of his compensation. In September 1857, the paper becameThe New-York Times(the hyphen dropped in 1896). [2][30] Though The New York Times is a public company, all voting shares are controlled by the Ochs-Sulzberger Family Trust. [6] In 1974, he received a Bachelor of Arts degree in political science from Tufts University. sister, is a successful fiction writer living in a brownstone secured At the vortex of the evening's power and prestige stood a tuxedoed man, chairman of the New York Times Company and the museum's board, a man who, for all his status, was unfamiliar to most Americans--Arthur Ochs Sulzberger, known since childhood as "Punch.". 3/n Still, A.G. was favorite to take the position partly due to his last name and role in drafting the 2014 Innovation Report, a document outlining The New York Times digital strategies. The revelations that have leaked from Prince Harrys memoir, Monica Lewinsky: 25 Randoms on the 25th Anniversary of the Bill Clinton Calamity. In these capacities, Sulzberger was involved in planning the Times's automated color printing and distribution facilities in Edison, New Jersey, and at College Point, Queens, New York, as well as the creation of the six-section color newspaper. A.G. Sulzberger Wiki, Age, Wife, Family, Height, Net Worth, Salary Advertisements. Assessing the truth behind the existence of the mind power, What happened to Kmart? The Ochs-Sulzberger family's reported connection to slavery and the Confederacy is linked to Adolph Ochs and his mother Bertha Levy Ochs, according to the New York Post. Sulzberger helped to found and was a two-term chairman of the New York City Outward Bound organization,[15] and currently serves on the board of the Mohonk Preserve. It also can't really sell them. New York Times names A.G. Sulzberger as new publisher He became the publisher of The New York Times in 1992, and chairman of The New York Times Company in 1997, succeeding his father, Arthur Ochs Sulzberger. Sulzberger was born in Mount Kisco, New York, one of two children of Barbara Winslow (ne Grant) and Arthur Ochs "Punch" Sulzberger Sr.[2] His sister is Karen Alden Sulzberger, who is married to author Eric Lax. For as little as $6/month, you will: Were really pleased that youve read X Times of Israel articles in the past month. Free and open company data on New Zealand company SULZBERGER FAMILY TRUSTEE COMPANY LIMITED (company number 4114618), 3 Oakwood Drive, Highlands Park, New Plymouth, 4312. Sulzberger . He committed to holding the Times "to the highest standards of independence, rigor, and fairness".[31]. Despite running the paper of record for over a century, the Sulzbergers (or Ochs-Sulzbergers, as theyre sometimes called) arent quite a household name outside New York media and certain social circles. A new general-assignment reporter named A. G. Sulzberger was banging around the city, writing about a Third Avenue flop house upstairs from J. G. Melon, a high-end burger joint; about the maiden . The party was a celebration of the day one century earlier when Punch's grandfather, Adolph Ochs, bought the floundering (and then-hyphenated) New-York Times and began the long, steady campaign to turn it into the best newspaper in the country. Already a member? Dolnicks mother, Lynn Golden, is the great-great-granddaughter of Julius and Bertha Ochs, the parents of Adolph S. Ochs, and was married in a Chattanooga, Tennessee, synagogue named in their memory. Even the Bancroft familywhich sold the Wall Street Journal off to Rupert Murdoch in 2007was known to consist of some restless socialites and horse enthusiasts whose hobbies required access to substantial funds, as New York magazine put it in 2008. Asked recently about his working relationship with Dolnick and Perpich, A.G. Sulzberger spoke of their strong journalism backgrounds and invoked the family ethos. A fifth-generation descendant of Ochs-Sulzberger, Arthur Gregg (A.G.) Sulzberger, its CEO is soft-spoken and measured. Although professionally she eschewed her family's business and became a doctor, Judith Sulzberger remained involved with the company as a director of the Times from 1974-2000, and, of course, a . He moved to New York as a metro reporter in 1981, and was appointed assistant metro editor later that year. Arthur Ochs Sulzberger, Jr., to retire as NY Times chairman - CNN Indeed, A. G. Sulzberger owns a 1.3% of Class A stocks and 92% of Class B stocks. [22][23] In October 2016, he was named deputy publisher, putting him in line to succeed his father as publisher. Slims loan gave the company time to craft a revival strategy: it integrated digital and print newsrooms, sold the Boston Globe, implemented aggressive marketing campaigns, and created a working digital business model. Sulzberger was born in Washington, D.C., on August 5, 1980, to Gail Gregg and Arthur Ochs Sulzberger Jr. Unmasking the unethical business practices of the fashion brand, Is Telekinesis real? The familial exchange of power wasn't unexpected. Could Sulzberger Stupidity Cause NYT Collapse? | Newsbusters (Kimberly White/Getty Images for New York Times/via JTA), Adolph Ochs (photo credit: Wikimedia Commons), Memoir of former executive editor of The New York Times, Max Frankel. "[36][37][38] Sulzberger met with President Trump in the Oval Office again on January 31, 2019, for an on-the-record interview with Times reporters Peter Baker and Maggie Haberman. Arthur Ochs Sulzberger (1926 - 2012) - Genealogy - geni family tree the proverbial fire in the belly. Sulzberger said in a statement that at the meeting, he "told the president directly that I thought that his [anti-press] language was not just divisive but increasingly dangerous. The Trust: The Private and Powerful Family Behind The New York Times Subscribe to our emails. [25] In 2018, he married Molly Messick.[5]. Critics said the newspaper failed to give adequate coverage to Nazi atrocities committed against Jews, a charge that The Times later owned up to. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. See "Compensation of Executive Officers" for a description of his compensation. Though Logan is often pitched as a villain of Succession, whats been true, generally, in American culture is that were inclined to be much friendlier to self-made kings like Logan Roy than we are to those, like the Pierces and the Sulzbergers, who inherited their wealth. Quinn-Hopping Funeral Home 145 E. Mt. He is a fifth-generation descendant of Adolph S. Ochs, who bought the newspaper in 1896 as it was facing bankruptcy. (Takes a family dynasty to know one?) Newhouse family - Forbes Arthur Ochs Sulzberger, Jr.'s Net Worth Probably, 2020 is the busiest year for Arthur Ochs Sulzberger, Jr.. Sulzberger Family Place Sells for $10.25 million on Central Park West In the end, the authors of The Trust don't say much about how the family and the newspaper interact. Married to Orvil Eugene DRYFOOS. She could, however, supply a successor by marrying one, and she found Arthur Hays Sulzberger, a businessman whose Jewish ancestors had settled in New York in the eighteenth century. Victoria Dryfoos, daughter of SULZBERGER REALTY PTY. LTD. Company Profile | HELENSVALE, QUEENSLAND Schell continued: My question is, really, I mean, the New York Times is governed and held in a very unique way in corporate America. ger ( slz'brg-r ), Marion B., U.S. dermatologist, 1895-1983. click the link in that email to complete your registration. Why the Sulzberger family should sell the New York Times | Fortune "[41] In 2020, Sulzberger voiced concern about the disappearance of local news, saying that "if we don't find a path forward" for local journalism, "I believe we'll continue to watch society grow more polarized, less empathetic, more easily manipulated by powerful interests and more untethered from the truth. Sulzberger oversaw a rise in profits, prizes, and a liberal A look back into the familys history shows why. Does it matter that the paper used to be conservative and is now liberal? He went to great lengths to avoid having The Times branded a Jewish newspaper., As a result, wrote Frankel, Sulzbergers editorial page was cool to all measures that might have singled [Jews] out for rescue or even special attention., Though The Times wasnt the only paper to provide scant coverage of Nazi persecution of Jews, the fact that it did so had large implications, Alex Jones and Susan Tifft wrote in their 1999 book The Trust: The Private and Powerful Family Behind The New York Times.. The name of the family trust, Marujupu, is comprised of the names of the four children of the late matriarch Iphigene Ochs. Sulzberger was born in Mount Kisco, New York, to Barbara Winslow and Arthur Ochs "Punch" Sulzberger Sr. Karen Alden Sulzberger . SEC filings state the trust's "primary objective" is that the Times continues "as an independent newspaper, entirely fearless, free of ulterior influence and unselfishly devoted to the public welfare". teachers, and even a fashion stylist. Arthur Ochs Sulzberger | YourDictionary A.G. Sulzberger is part of a generation at the paper that includes his cousins Sam Dolnick, who oversees digital and mobile initiatives, and David Perpich, a senior executive who heads its Wirecutter product review site. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. Two cheers for nepotism at the New York Times. - Slate Magazine Check out our website to get your 3-Month Emergency Food Kit and learn about our full product line of survival and preparedness gear. He and his wife, Gail Gregg, were married by a Presbyterian minister. Although few outsiders could have picked Punch Sulzberger from among the hundreds of politicians, society figures, business executives, and journalists at the Met that night, almost all would recognize the name of his newspaper. Thank you, David Horovitz, Founding Editor of The Times of Israel, 2023 The Times of Israel , All Rights Reserved, Arthur Ochs Sulzberger Jr. speaking at The New York Times New Work Summit in Half Moon Bay, California, February 29, 2016. Golden, is an economist seeking a Ph.D. at the University of Chicago. The familys Jewish history Adolph Ochs was the child of German Jewish immigrants has often been the subject of fascination and scrutiny, especially during and after World War II, when the paper was accused of turning a blind eye to atrocities against Jews. But as fun and fascinating as some of these extra-credit Sulzbergers may be, its very likely that it was Sulzberger Jr. himself who inspired Armstrong to dig into this other brand of New York dynastic power. His son, 37-year-old Arthur Gregg (A.G.) Sulzberger, will succeed him. From 1983 to 1987, Sulzberger worked in a variety of business departments, including production and corporate planning. A family friend told New York magazine that the Sulzbergers dedication to journalistic integrity is a noble, familial thing that courses through their veins, and anyone who strays from that gets slapped down pretty quickly.. As family members, they hold the bulk of the company's Class B voting stock, which allows them to control its board of directors. And if the Pierces are anything like the Sulzbergers, then theres plenty of material for the Succession writers to work with. The maternal side of his family reportedly owned slaves and participated in the Civil War. In 1961, Arthur Hays Sulzberger stepped down as publisher, three years after having suffered a stroke, giving the position to his son-in-law Orvil Dryfoos. He is of German ancestry. Family tree of Arthur Ochs SULZBERGER JR. - Geneastar At Meta, she previously served as chief marketing officer of AR/VR from 2017 to 2020, and . The Sulzbergers operate the Times under a family trust designed to prevent individual heirs from selling out. NEW YORK (JTA) On Thursday, The New York Times announced that its publisher, Arthur Ochs Sulzberger Jr., 66, is stepping down at the end of the year and will be succeeded by his son,. Schedule a free consultation at our Bay Harbor Islands office by calling (305) 865-8631 or by contacting us online. From an early age, Sulzberger children are taught to value their role as stewards of the paper and servants to the public good. When Elisabeth Finch met Jennifer Beyer in 2019, the two women forged a fiercely loyal friendship, and eventually got married. Oh, plenty. The New York Times Company announced on Wednesday that Arthur O. Sulzberger Jr. will retire as the chairman and as an active member of its board of directors on Dec. 31, completing a. Pleasant Avenue . Ferdinand Sulzberger (1842 - 1915) - Genealogy - geni family tree We all have more of a stake in what The New York Times does than in what a potato chip manufacturer does. [7], Sulzberger began writing for the New York Times as a metro reporter in February 2009,[8] which published his first article on March2. The rest of us can buy NYT stock (which recently traded near its 52-week high), but we can't fire the publisher. The 2008 financial crisis hit The New YorkTimeshard. Rupert Murdoch Knees Trump in the Balls While Hes Doubled Over Coughing Up Blood, Scene Stealer: The True Lies of Elisabeth Finch, Part 1, Inside the New Right, Where Peter Thiel Is Placing His Biggest Bets. On this Wikipedia the language links are at the top of the page across from the article title. In this way, the position is different from that of heads of other media operations, where the founding family has given way to outside directors and has sold its stock to the public. Ben Dolnick, the 26-year-old son of Lynn Dolnick, Michael Goldens [9] He became a national correspondent,[10] heading the Kansas City bureau and covering the Midwest region. If A.G retires at the same age as his father, he will remain chairman of The New York Times Company for the next three decades. the Sulzbergers, is a variety of artists, musicians, academics, In seven years of talking, they say they had "the same relationship any New York Times reporter would have with a cooperative subject: we had access, but with complete independence and no advance review of our work.". Sulzberger Family Trustee Company Limited has been running for 9 years 7 months, and 28 days. Diane Baker, a former chief financial officer of the New York Times Company, described him as having the personality of a 24-year-old geek, and (gasp!) The Sulzberger family name was found in the USA, the UK, and Scotland between 1880 and 1920. At the start, he committed the Times to a journalistic program of conservatism, thoroughness, and decency that provided the blueprint for its eventual success. Family. As a multi-generational Jewish crime family, the Sulzbergers rank second (albeit a distant second) only to The Rothschilds -- whose ultra-patriarch, Meyer Amschel Rothschild, first made his mark about 250 years ago, and whose direct male descendants still wield enormous power to this day. The current chairperson, A.G. Sulzberger, took over from his father, Arthur Ochs Sulzberger Jr., in early 2021. [11][12] The 2017 film Kodachrome, directed by Mark Raso, is based on his 2010 article about a rural community that became the last place to develop Kodachrome film. Early life and education [ edit] Sulzberger was born in Washington, D.C., on August 5, 1980, to Gail Gregg and Arthur Ochs Sulzberger Jr. Adolph Simon Ochs bought The New York Times from Henry Jarvis Raymond and George Jones Adolph Simon Ochs Copyright 2023 | The American Prospect, Inc. | All Rights Reserved, The Alt-Labor Chronicles: Americas Worker Centers, The Trust: The Private and Powerful Family Behind The New York Times. The Sulzberger and Newhouse Families | Observer Not surprisingly, neither Sulzberger nor the family members on the board were interested in ceding control of the company. I trust that such a puffball could not get past the Times's own editors, and I hope it stays that way--for whatever reason. Learn how to leverage transparent company data at scale. Sulzberger introduced Gonzalez to colleagues at the paper and to members of the Ochs-Sulzberger family, which controls the New York Times Company. Tell us a little bit about that, and what effect you think it has on how this great paper can comport itself in the world. Sulzberger, trained since childhood for this job, swiftly deflected: Theres a lot behind that question. The authors seem not terribly curious about the questions raised by the newspaper's success. Journalistically, the position is almost papal, in the sense that the best its holder can hope to do is to keep the institution going. Sulzberger was educated at private schools and, after service in the U.S. Marine Corps (1944-46 . [3] He is a grandson of Arthur Hays Sulzberger and great-grandson of Adolph Ochs. [39][40], He has said that an independent press "is not a liberal ideal or a progressive ideal or a Democratic ideal. By the end of the book, he looms even larger than the founder, and he dwarfs Arthur, Jr. Please try again or choose an option below. In a 2001 article for The Times, former Executive Editor Max Frankel wrote that the paper, like many other media outlets at the time, fell in line with US government policy that downplayed the plight of Jewish victims and refugees, but that the views of the publisher also played a significant role. Married: 1946. Even so, there is much to enjoy in this family and institutional tale, beginning with the dynastic founder, Adolph Ochs, the son of Jewish immigrants from Furth, Germany. The paper became more bi-partisan in the 1880s: it stopped supporting Republican Party candidates and became more analytical. When Succession creator Jesse Armstrong set out to make his HBO series about power and family conflict in the world of New York media he had a very specific type of business mogul in mind. The family owns about a fifth of the paper and controls it via a special class of voting shares. Tifft and Jones are former journalists--she with Time magazine and he with the Times itself, where he covered the news industry and won a Pulitzer Prize. Arthur Ochs Sulzberger | American newspaper publisher Sulzberger Jr. no doubt made some bad business decisions, including fumbling the 2014 firing of Times executive editor Jill Abramson in a rare high-profile move that put the Sulzbergers exactly where they prefer not to be: in the public eye. For comparison's stake, the entire Ochs-Sulzberger family, including the newspaper's publisher, Arthur Ochs Sulzberger Jr., and all the trusts he and his cousins control, own a stake amounting to a mere 11 percent, according to the proxy statement. The trust is run by a committee of eight family members. The Jewish issue, which the family is quite conscious of but reticent about discussing, also gets its due in The Trust. Not coincidentally, Punch gradually emerges as the hero--the businessman with unerring judgment, the publisher with the noblest of journalistic instincts, the dutiful son, and the conscientious legatee. The surprising truth, Broker: the baby box drama movies ending, explained, Colleen Hoovers It Starts with Us: the sequels ending, explained, Why is SHEIN so cheap? In this case, the authors often tell us what Punch was thinking, feeling, or planning in a way that could only have come from him. Registering also lets you comment on articles and helps us improve your experience. Various Sulzbergers have left their mark, literally, on the world. I assume that I am not spoiling the plot by revealing that the book ends with the installation in 1997 of the Times's current publisher, Arthur Ochs Sulzberger, Jr.--who, at age 48, can be expected to lead the Times for quite some time. Im sure we should exercise the option, but we look at it like a financial investment that has been very good., Then chief executive Mark Thompson said repurchasing of the shares was the best option for Carlos:We believe it is in the best interests of the company to continue to maintain a conservative balance sheet, and a prudent view on the allocation of free cash flow and this one-off repurchase program should not be viewed as a change of position about our capital allocation plans., Read Next: Who owns Reuters? His paternal grandfather, Arthur Ochs Sulzberger, was Jewish, and the rest of his family is of Christian background (Episcopalian and Congregationalist). 'Succession': The Real Rich Media Family That - Vanity Fair From 1997 until 2020, Sulzberger was the chairman of The New York Times Company and the publisher of The New York Times from 1992 to 2018. At the Washington Post, family. He and his wife had a single child, a daughter. Sulzberger was a reporter with the Raleigh Times in North Carolina from 1974 to 1976, and a London Correspondent for the Associated Press in the United Kingdom from 1976 to 1978. He also owns a Hudson Valley mansion in New Paltz. Arthur Gregg Sulzberger, Chairman & Publisher Diane Brayton, Exec. In 1992, Sulzberger relinquished the publisher's job to his 40-year-old son, Arthur Ochs Sulzberger Jr., but remained chairman of The New York Times Co. [18][19] The couple have two children: a son, Arthur Gregg Sulzberger, and a daughter, Annie Sulzberger. Park Bo-gum was born on June 16, 1993. Hays Golden, son of Arthur New York Times. But in this era of dwindling journalistic revenue, the major old media families like the Grahams (of Washington Post/The Post fame), the Bancrofts (the Wall Street Journal), the Chandlers (the Los Angeles Times), and the Taylors (the Boston Globe) have all left the business, leaving only the Sulzbergers holding on. Arthur Gregg Sulzberger (born August 5, 1980) is an American journalist serving as chairman of The New York Times Company and publisher of its flagship newspaper, The New York Times. For this book, they certainly did their homework. That perception is largely because of the family and because of the familys Jewish name and Jewish roots, Goldman said, so whether theyre Jewish or not today, theres a feeling that this is still a newspaper with a heavy Jewish influence.. The owners drew criticism for the way the paper covered Jewish affairs, particularly the Holocaust. On this Wikipedia the language links are at the top of the page across from the article title. [15][16][17] He was the lead author of the 97-page report,[11][15] which documented in "clinical detail" how the Times was losing ground to "nimbler competitors" and "called for revolutionary changes".
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